The ONLY WAY you can maintain "anonymity" is by using a Trust. (Because in the age of the internet, anyone can determine what one owns, via the Secretary of State, or equivalent... website.) LLC, etc. entities are NOT going to protect you. Period.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
I totally agree; I am 54 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
@TheRealEstateLawyer what about if I have a rental that is paid off but its in my wife and my name but would like to transfer the rental to an LLC as a disregarded entity. Is this possible?
Hi, thanks for this info. Looking into an LLC but we are financing, so the mortgage lender doesnt offer loans to LLC's as they claim this is a commercial loan. How complex is it to transfer title to LLC with a mortgage loan? and cost to do so ? (IL )
That's not what she said, if you have a lender they typically shy from financing a property if your a LLC and specially any new LLCs with no seniority . You can always buy a property, pay off the mortgage or mortgage free and always transfer the deed into the LLC for a very small fee. FWIW: You should do all properties in a "unique" LLCs to keep each asset liability limited to just one LLC.
Well, I came here for Ironland but I’ve been looking into LLC’s. This was perfect. Thank you for this information.
what specific document or section of the mortgage statement can I see the Due on transfer clause?
Please assist Ironland! 😆
Yeeeessssss
Iron land needs your help!
But what about ironland
I did not understand the part where you said not holding yourself out as the company at 1:33s. Could elaborate please?
Please assist Ironland!
The ONLY WAY you can maintain "anonymity" is by using a Trust. (Because in the age of the internet, anyone can determine what one owns, via the Secretary of State, or equivalent... website.) LLC, etc. entities are NOT going to protect you. Period.
Summary: establish an LLC before buying a property to put it into. - Collaborate with your lender to have the property's title in the name of the LLC.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
I totally agree; I am 54 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
"Angela Lynn Schilling" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment...!
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
Please assist Ironland :)
We ironland people need your help!!
Please assist Ironland.
Interesting video, by the way. Good information to know.
SO good
Great topic. I love your information! I am a broker in Cailforina.
Thanks for watching Tracey!
@@TheRealEstateLawyerplease assist ironland
@TheRealEstateLawyer what about if I have a rental that is paid off but its in my wife and my name but would like to transfer the rental to an LLC as a disregarded entity. Is this possible?
Hi, thanks for this info. Looking into an LLC but we are financing, so the mortgage lender doesnt offer loans to LLC's as they claim this is a commercial loan. How complex is it to transfer title to LLC with a mortgage loan? and cost to do so ? (IL )
In NC its an easy change for a real estate attorney. I'm unfamiliar with IL law.
Please assist ironland@@TheRealEstateLawyer
please assit ironland
Please assist iron land!!!!
What are all these comments about Ironland?
That’s not true, you can buy property directly into the name of an LLC
That's not what she said, if you have a lender they typically shy from financing a property if your a LLC and specially any new LLCs with no seniority . You can always buy a property, pay off the mortgage or mortgage free and always transfer the deed into the LLC for a very small fee.
FWIW: You should do all properties in a "unique" LLCs to keep each asset liability limited to just one LLC.
Please assist Ironland!